STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST : revenue, balance sheet and financial ratios

STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST is a French company founded 69 years ago, specialized in the sector Commerce de gros (commerce interentreprises) de cuirs et peaux. Based in CHANGE (72560), this company of category PME shows in 2023 a revenue of 591 k€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST (SIREN 575750906)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 591 293 € 627 036 € 607 544 € 494 151 € 510 760 € 488 088 € 476 963 € 448 430 €
Net income 16 082 € 15 959 € 26 679 € 19 861 € 24 554 € 36 098 € 21 488 € 8 920 €
EBITDA 16 945 € 21 688 € 41 467 € 26 495 € 20 714 € 32 196 € 25 408 € 14 899 €
Net margin 2.7% 2.5% 4.4% 4.0% 4.8% 7.4% 4.5% 2.0%

Revenue and income statement

In 2023, STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST achieves revenue of 591 k€. Revenue is growing positively over 8 years (CAGR: +4.0%). Slight decline of -6% vs 2022. After deducting consumption (320 k€), gross margin stands at 271 k€, i.e. a rate of 46%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches 17 k€, representing 2.9% of revenue. The operating margin remains fragile, requiring cost vigilance. Ultimately, net income (= EBIT +/- financial result +/- exceptional - corporate tax) amounts to 16 k€, i.e. 2.7% of revenue. This profit can be retained or distributed to shareholders.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

591 293 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

270 919 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

16 945 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

7 056 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

16 082 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

2.9%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 2%. This very low level reflects a solid financial structure, offering significant room for future investments or acquisitions. Financial autonomy (= Equity / Total assets x 100) reaches 79%. This high autonomy means the company finances most of its assets through equity, a sign of strength. Debt repayment capacity (= Financial debt / Cash flow) indicates it would take 0.3 years of cash flow to repay all financial debt. This short period demonstrates excellent debt sustainability. Cash flow represents 5.1% of revenue. Cash flow measures resources generated by operations, available for investment and debt repayment. Satisfactory level allowing partial financing of growth.

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1.797%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

78.751%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

5.107%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

0.288

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

19.7%

Solvency indicators evolution
STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST

Sector positioning

Debt ratio
1.8 2023
2021
2022
2023
Q1: 2.18
Med: 19.88
Q3: 55.27
Excellent

In 2023, the debt ratio of STE ANONYME COOPERATIVE A... (1.80) ranks in the bottom 25% of the sector, which is positive. This ratio measures the weight of debt relative to equity. A low ratio indicates a solid financial structure with little dependence on creditors.

Financial autonomy
78.75% 2023
2021
2022
2023
Q1: 42.34%
Med: 52.07%
Q3: 77.33%
Excellent

In 2023, the financial autonomy of STE ANONYME COOPERATIVE A... (78.8%) ranks in the top 25% of the sector. This ratio represents the share of equity in total financing. High autonomy reflects financial independence and ability to absorb shocks.

Repayment capacity
0.29 years 2023
2021
2022
2023
Q1: 0.0 years
Med: 0.81 years
Q3: 6.76 years
Good -24 pts over 3 years

In 2023, the repayment capacity of STE ANONYME COOPERATIVE A... (0.29) ranks below the median of the sector. This ratio indicates the number of years needed to repay debt with cash flow. This controlled position reflects prudent management.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 455.44. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months. The interest coverage ratio (= EBIT / Interest expenses) is 2.4x. Financial charges are adequately covered by operations.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

455.441

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

2.425

Liquidity indicators evolution
STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST

Sector positioning

Liquidity ratio
455.44 2023
2021
2022
2023
Q1: 283.55
Med: 426.34
Q3: 934.01
Good -12 pts over 3 years

In 2023, the liquidity ratio of STE ANONYME COOPERATIVE A... (455.44) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
2.42x 2023
2021
2022
2023
Q1: 1.88x
Med: 3.81x
Q3: 19.37x
Average -36 pts over 3 years

In 2023, the interest coverage of STE ANONYME COOPERATIVE A... (2.4x) ranks below the median of the sector. This ratio indicates how many times operating income covers interest expenses. An improvement would strengthen the competitive position.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 113 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 20 days. The gap of 93 days means the company finances its customers for over a month before being paid relative to supplier payments. This weighs on cash flow. Overall, WCR represents 157 days of revenue, i.e. 259 k€ to permanently finance. Over 2016-2023, WCR increased by +34%, requiring additional financing.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

258 602 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

113 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

20 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

0 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

157 j

WCR and payment terms evolution
STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST

Positioning of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST in its sector

Comparison with sector Commerce de gros (commerce interentreprises) de cuirs et peaux

Valuation estimate

Based on 178 transactions of similar company sales (all years), the value of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST is estimated at 41 599 € (range 22 382€ - 86 039€). With an EBITDA of 16 945€, the sector multiple of 0.9x is applied. The price/revenue ratio is 0.15x (conservative valuation). This multiples method compares the actual sale price of similar companies to their financial indicators (Revenue, EBITDA, Net Income). It provides a market-based indicative estimate.

Estimated enterprise value 2023
178 transactions
22k€ 41k€ 86k€
41 599 € Range: 22 382€ - 86 039€
NAF 4 all-time Aggregated at NAF sub-class level

Valuation detail by method

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EBITDA Multiple 50%
16 945 € × 0.9x
Estimation 15 013 €
5 212€ - 48 821€
Revenue Multiple 30%
591 293 € × 0.15x
Estimation 90 158 €
58 355€ - 133 298€
Net Income Multiple 20%
16 082 € × 2.2x
Estimation 35 225 €
11 353€ - 108 197€

Valuation evolution

How is this estimate calculated?

This estimate is based on the analysis of 178 actual transactions of similar company sales (same NAF code) registered with BODACC between 2016 and 2025.

  • EBITDA Multiple: Preferred method for profitable SMEs. EBITDA reflects the ability to generate cash.
  • Revenue Multiple: Used for growing companies or those with low profitability. Reflects commercial potential.
  • Net Income Multiple: Relevant for mature companies with stable results.

This estimate is provided for information purposes only. A precise valuation requires in-depth analysis (assets, liabilities, prospects, market...).

Similar companies (Commerce de gros (commerce interentreprises) de cuirs et peaux)

Compare STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST with other companies in the same sector:

Voir toutes les statistiques du secteur Commerce de gros (commerce interentreprises) de cuirs et peaux

Frequently asked questions about STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST

What is the revenue of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST ?

The revenue of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST in 2023 is 591 k€.

Is STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST profitable?

Yes, STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST generated a net profit of 16 k€ in 2023.

Where is the headquarters of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST ?

The headquarters of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST is located in CHANGE (72560), in the department Sarthe.

Where to find the tax return of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST ?

The tax return of STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST operate?

STE ANONYME COOPERATIVE A PERSONNEL ET CAPITAL VARIABLES DES SELLIERS ET GARNISSEURS DE L'OUEST operates in the sector Commerce de gros (commerce interentreprises) de cuirs et peaux (NAF code 46.24Z). See the 'Sector positioning' section above to compare the company with its competitors.